I’ll Give You a Reason to Stay--Using Retention Agreements in Retaining Key Personnel During Business Changes
When an employer contemplates an acquisition, merger, or other corporate transaction, the employer often wants to be sure that key employees remain during (and often for a time after) the transition. Retention agreements are useful for this purpose and can provide for a retention bonus, enhanced severance, equity (including stock options or acceleration of such options), or a combination of these types of compensation...